Adelaide Interview About DFS Available Anaconda Mining - POSITIVE FEASIBILITY STUDY
I watched it a second time. Despite the fact that there was nobody "live", the content is top quality. Again, I have nothing against the information but more about the marketing decision.
I decided to give a hand in broadcasting this video by sharing where I can. Perhaps everybody here could do the same. Let's try to bump the current stats of 33 viewed to several hundreds. Here is what I'm sharing:
Anaconda Mining released its Phase 1 Definitive Feasibility Study of the Goldboro deposit Thursday. Phase 1 is about mining open pitable ore for extracting 1.1M onces in 10.9 years with an average of 100k per year.
- IRR 25.5% at US$1600 gold
- Initial Capital of C$271M
- LOM Operating Cost of US$773 and AISC of US$849 an ounce
- Average gold recovery of 95.8%
- Solid management and the project is in a top tier jurisdiction in Nova-Scotia Phase 2 will go for the underground resources which is currently at 2M ounces and counting.
There is also an other open pit area candidate not explored yet west that can add another 1M+ ounces to the package. This area will be drilled next year (exploration upside catalysts). Lot of other catalysts coming next year. Market cap is currently at C$100M which is pretty damn cheap. Tax loss selling is currently hitting big since the SP rallied over 1$ this summer.
Insiders have bought on the market and the CEO has just bought Friday and yesterday. Here is a 20 minutes interview with Kevin Bullock, CEO of $ANX explaining the DFS and answering some questions: https://youtu.be/N0A3mJyjLks
Here is also a report by Sprott Equity Research done after the publishing of the DFS. Their target is $2.40 : https://sprott.com/media/4669/211217-anx-scp-goldboro-dfs.pdf
This company is a hidden jewel. Their BOD and management know how to develop projects. Their small producing asset in NFLD (20k/oz a year) allows them to avoid share dilution by providing free cash flow. If we compare with Marathon Gold at $800M market cap with 1.5 times more gold, ANX at $100M is ridiculously low. It's a buying opportunity right now IMO.